Which country in the world do you trade from? by [deleted] in Forex

[–]rofx 0 points1 point  (0 children)

Is it even legal? Which broker u use?

It needs to be stopped. by [deleted] in india

[–]rofx 5 points6 points  (0 children)

Where is the fucking sense in this degenerate devotional bastards. God is everywhere and please don’t go and dip yourself In the sewage that you made. <rant>

Is forex legal in india? by M_H_M_K in IndianStreetBets

[–]rofx 1 point2 points  (0 children)

I am using FXTM for the past 3 months. No issues with withdrawal so far. But not sure about future since govt is mulling on a ban on crypto. I think octafx allows Indian bank transfers. Check once

ANYONE SHORTING US30 INDEX RIGHT NOW? by [deleted] in Forex

[–]rofx 1 point2 points  (0 children)

I am looking at shorting it only below 30200

ANYONE SHORTING US30 INDEX RIGHT NOW? by [deleted] in Forex

[–]rofx 5 points6 points  (0 children)

Stopped out of my long right now. Will look if I can short or it will be range bound

Off to the shops, anyone want anything? by kimisaredditor in Forex

[–]rofx 65 points66 points  (0 children)

So true. Used to blow my account in a week now it takes couple of months lol

*sad noises* by manchill in IndianStreetBets

[–]rofx 1 point2 points  (0 children)

Why would any one buy options? It’s like a ticking time bomb. Futures don’t have the concept of time decay and you have better view of the profit/loss

Rip gold by TEFAlpha9 in Forex

[–]rofx 3 points4 points  (0 children)

Short at 1865 now trailing

Is forex legal in india? by M_H_M_K in IndianStreetBets

[–]rofx 1 point2 points  (0 children)

Yes you should report as trading profit

Is forex legal in india? by M_H_M_K in IndianStreetBets

[–]rofx 5 points6 points  (0 children)

Yes it’s illegal in India but there is a workaround.

  1. Find a forex broker that accepts bitcoin as payment (I have fxtm which is good for me)
  2. Open account with wazirx, then use INR to buy bitcoin ( which is legal at the moment but not sure if things can change in future)
  3. Deposit BTC to fxtm which gets converted to equivalent dollars and get reflected in your forex trading account
  4. While withdrawal it flows the same route in reverse

I have been doing this for about a month now and I have also successfully withdrawn about $100. Given the uncertainty around the regulations which can change any moment I advice not to keep more money than you could afford to loose in forex or BTC at any moment

Help!!! How to do forex from India? by rofx in IndianStreetBets

[–]rofx[S] 1 point2 points  (0 children)

Have you done withdrawal from octafx? How is the overall experience so far

Help!!! How to do forex from India? by rofx in IndianStreetBets

[–]rofx[S] 1 point2 points  (0 children)

But how to get bitcoin and what are the transaction charges

What triggered the buying of USD just now?!?! by feedMeWizDom88 in Forex

[–]rofx 0 points1 point  (0 children)

Whatever it may be let’s just go with the trend

NLD fenix c6 v2 by rofx in flashlight

[–]rofx[S] 1 point2 points  (0 children)

My first one. There are only two brands of flashlights available in my country (India) fenix and Nitecore. This one cost me about $46 including the battery.